Quick Facts of Shaun Livingston
|Net Worth||$24 million|
|Name||Shaun Patrick Livingston|
|Date of Birth||September 11, 1985|
|Profession||Professional Basketball Player|
|Weight||87Kgs (192 Pounds)|
|Height||6 Feet 7 Inches (2.01m)|
He is an American professional Basketball player born in Peoria, Illinois. Signs of his skills were recognised in the early stages of his schooling and was picked straight into National Basketball Association(NBA) draft by the Los Angeles Clippers.
He started his career in NBA from the year 2004 and is placed most often as a shooting guard in the court.
- Parade All America’s fourth team
- He is given the title “Illinois Mr. Basketball
- Parade All America’s first team
- McDonald’s All America Award
- NBA championship 3 times (2015,2017 and 2018)
Sources of his money:
Shaun entered into the world of basketball at an early age skipping his college admission. Most of his earnings are from his career earnings and contracts with basketball clubs. In 2014, he made a 3 year deal with Golden Gate Warriors for $20million.
There is not much information about his spending pattern or other endorsements if he has made them at all. But, he earned all his income source mostly from his career alone and as per official reports he has own house in Oakland. He has contributed $1Million to his school in Illinois in the year 2014.
Net worth from 2010-2019:
|Year / Season||Team||Salary|
|2010||Charlotte Hornets||$3.5 million|
|2011||Milwaukee Bucks||$3.5 million|
|2012||Washington Wizards||$0.2 million|
|2012||Cleveland Cavaliers||$0.8 million|
|2013||Houston Rockets||$1 million|
|2014||Brooklyn Nets||$1.2 million|
|2015||Golden Gates Warriors||$5.3 million|
|2016||Golden Gates Warriors||$5.5 million|
|2017||Golden Gates Warriors||$5.7 million|
|2018||Golden Gates Warriors||$7.6 million|
|2019||Golden Gates Warriors||$8.3 million|
What does Net Worth Mean?
What is a Net Worth?
It is a quantitative concept which measures the value of an entity. It is applicable ranging from an individual to companies, organizations, sectors and a country as a whole. To put it simply, it is the difference between assets and liabilities. A positive net worth means assets are greater than liabilities, whereas negative net worth mean liabilities are greater than assets.
Net Worth = Assets – Liabilities
A little more into Net Worth Concept:
Net worth conveys the financial health of any entity. Asset is anything that is owned and has a monetary value to it while liabilities is a commitment that deplete resources. Assets can be liquid or which can turn into liquid ( example: bank check ). They are non-liquid when they take time to turn into cash (like for example Home). Whereas liability is an obligation that has to be repaid ( example: home loan, car loan etc.,)
Any financial institution or 3rd party look at your assets and liabilities to understand the financial position. Positive net worth or increasing asset base indicates good financial health while negative net worth or increasing liabilities means a bad financial health condition.
It is always a good habit for any entity to maintain a reduce liabilities and increase or maintain a balanced asset base.
What does a Net Worth Mean to a person?
In simple terms, it means the value that is left after subtracting liabilities from assets. Few Examples of liabilities include car loans, student loans, home loans, credit card bills, and other mortgages etc., whereas an individual’s assets are amount in the savings account, home, vehicle, bonds, stocks and other material that has value.
In other words, whatever is left after paying off all the personal debt from asset base is net worth. It is important to understand that value of net worth varies as per the market value of assets and current debt costs.
Consider a case of Ramu Johnson. His assets include a house valued at $350000, shares worth $150000 and a car worth $35000. His liabilities include a mortgage balance of
$150000 and an outstanding car loan $15000 to be paid.
Now Ramu Johnson’s Net Worth = ($350000+$150000+$35000) – ($150000+$15000)
= ($535000 ) – ($165000)
Assuming Ramu Johnson’s financial position after five years as follows –
House value at $350000, Shares value at $180000, savings $ 40000 and car value $25000. While mortgage loan $120000, car loan $0 (paid off).
The Net worth after 5 years would = ($350000+$180000+$ 40000 + $25000 ) – ($120000)
= $595000 – $120000
Here it is understood that, although the fact that the value of a house and car decrease, the net worth have increased to $475000. It is because a decline in house loan is less than the overall asset base and decrease in liabilities.
Note that, an individual’s net worth can be negative if his asset base is less than liabilities.
What does net worth mean for celebrities?
Most often celebrities fall under High Net worth Individuals. And what does HNWI mean?
People with considerable net worth as called as HNWI.
Independent Charted Accounts, wealth managers and investment counsellors stay close to them making them as prime markets.
As per Securities and Exchange Commission( SEC), investors more than 1Million are considered as accredited investors to invite them to invest in unrequested securities.
Is 401k part of net worth?
As per the definition, 401K is also a part of net worth if it is calculated in terms of assets and liabilities. But, in this case, 401K have no specifics as in, therefore it cannot be measured.
What is the average American net worth?
Like any entities net worth a countries net worth can be calculated as below. It is a sum of net worth of all individuals (citizens), companies and organizations reside in America, plus countries net worth. In America, this measure is referred to as financial position.
As on quarter 1 2014, America’s financial position =
Assets ( $269.6 trillion) – liabilities ($145.8 trillion ) = $123.8 trillion.
What is a good net worth by age?
|Age of Household||Median Net Worth|
|Under 35 years||$6,900|
|35 to 44 years||$45,740|
|45 to 54 years||$100,404|
|55 – 64 years||$164,498|
|65 – 69 years||$193,833|
|70 – 74 years||$225,390|
|65 – 75 Years||$202,950|
|75 + Years||$197,758|
What is the net worth of the top 1%, 5%, 10%?
As in America, wealth distribution is as follows
Richest 1% of the population owned 35% of the country’s total wealth
Richest 5% of the population owned 11% of the country’s total wealth
Richest 10% of the population owned 12% of the country’s total wealth
More about Shaun Livingston:
Shaun’s parents are Reggie Livingston and Ann Wyman. His decision to enter into professional basketball career skipping his school was a turning point.
How many teams did Shaun Livingston play for?
He started his career with the Los Angeles Clippers and played for Miami Heat, Tulsa 66ers, Oklahoma City Thunders, Washington Wizards, Charlotte Bobcats, Milwaukee Bucks, Cleveland Cavaliers, Brooklyn Nets and Golden State Warriors.
He is a dedicated and disciplined professional basketball played attracted applauds from all the corners. The knee injury was a major setback to him which could have ruined his career as a professional basketball player. But, his enthusiasm and willpower made him come back in just 6 months duration. Post recovery, he improved his game and contributed to the Golden State Warriors in winning 3 titles.
He is a protestant and has led a simple life throughout his career and helped part of his income for his school. He made sure he has a private life avoiding all luxury like most of his colleagues do.
Rivals.com quoted him as 5star player and he was listed No.1 point guard in the game in the year 2004.
Something interesting about Shaun is concerning his social media platform usage. He regularly maintains his Instagram and responds to the followers often and maintains a good network.
Shaun Livingston officially announced his retirement from professional basketball on September 13, 2019, as per reports.
Success lessons from Shaun Livingston:
- After Shaun Livingston’s career threatening knee injury, unlike any other players it took him to come back to court not more than 6 months. His comeback with great perseverance made Golden state win 3 titles in the year 2015, 2017 and 2018.
- He lived a frugal life with low profile and showed his gratitude by contributing $1Million to Concordia Lutheran School where he schooled from kindergarten.
- Skipped his schooling in the love of his game and proved his mettle in getting into NBA and making it proud with the continuous wins.